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Market-Based Solutions to Vital Economic Issues

Shared Economic Prosperity

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The sixth annual conference will convene thought leaders from academics, industry and government to debate the most challenging current issues in the field of entrepreneurship and set the agenda for future research and policy.

The CREATE center at the University of North Carolina at Chapel Hill, in partnership with the AOM Technology and Innovation Management (TIM) division, is pleased to organize the “Emergence: Organizations, Markets, Platforms, and Regions” conference. The conference seeks to unpack the processes of emergence and re-emergence that are core to creating prosperous economies.

While the COVID-19 pandemic was devastating for many, research shows its impact was not felt equally. Black Americans experienced disproportionate health and economic ramifications, which compounded the financial, social and psychological strain many felt pre-pandemic, and have contributed to growing inter-generational wealth disparities. In today’s Kenan Insight, our experts explore whether the multi-trillion dollar “Build Back Better” plan proposed by the Biden administration holds the potential to begin closing pervasive gaps in American society.

Entrepreneurs from diverse backgrounds face a variety of challenges in accessing resources, expertise and funding. Hear experts from our 2021 Frontiers of Entrepreneurship Conference discuss persistent issues and promising solutions for creating vibrant entrepreneurial ecosystems.

Theoretically, wealthier people should buy less insurance, and should self-insure through saving instead, as insurance entails monitoring costs. Here, we use administrative data for 63,000 individuals and, contrary to theory, and that the wealthier have better life and property insurance coverage. Wealth-related differences in background risk, legal risk, liquidity constraints, financial literacy, and pricing explain only a small
fraction of the positive wealth-insurance correlation.

Kenan Institute Director of Research Christian Lundblad appeared on the Saturday, June 26 episode of WRAL's "On the Record." Lundblad joined host Lena Tillett, Virtue Events Owner Joye Speight, Pizzeria Toro Owner Gray Brooks and Zweli's Kitchen Owner Leonardo Williams to discuss the debate over how the government should be dealing with the post-COVID economy.

As the U.S. economy begins to recover from the COVID-19 pandemic and businesses grapple with ongoing labor shortages, the debate around increasing the federal minimum wage – which hasn’t budged in over a decade – has returned to the fore. In this Kenan Insight, we examine whether now is the right time to raise the standard minimum, why these benefits may come at a cost, and what approach might work best given the inevitable tradeoffs.

While technological advances have traditionally been a boon to the U.S. economy, the rapid rise of new platforms and the increased financialization of the economy in recent years have encouraged the growth of monopolies—driving an ever-widening geographic gap in the distribution of income across the country. New research from the Kenan Institute’s Professor Maryann Feldman explores the ramifications of this growing divide.

Research Director Christian Lundblad explores the implications of a long-brewing skills mismatch for companies’ bottom lines and our approach to combatting income inequality.

The Anchor Institutions Create Economic Resilience (AICER) initiative seeks to stimulate distressed economies through anchor institution-community partnerships

The current narrative around the U.S. labor market is a mixed bag, with unemployment numbers well above pre-pandemic rates while many companies struggle to fill jobs. In this Kenan Insight Q&A, three experts weigh in on the critical issues behind this dichotomy.

Are the agglomeration economies of technology hubs augmented by a localized market for start-ups – acquisitions, and IPOs? How does this affect the ability of places outside of those hubs to foster digital startups as a tool of local economic development? We study this with a particular focus on acquisitions by the seven largest American digital platforms – Amazon, Alphabet [Google], Apple, Microsoft, Facebook, Oracle and Adobe, which we call, collectively, Big Tech. We cover the years 2001-2020. We show that firms acquired by Big Tech are, disproportionately to the sectors in which they operate, concentrated in major tech clusters, and particularly in the Silicon Valley (San Francisco/San Jose). We argue that the acquisition market – and its effects on both the major tech hubs and the left behind rest – depends crucially on the proprietary control of access to various digital network products. Regulation of these markets, particularly in the form of common carrier status and open standards, could achieve a considerable re-balancing.

Our Shared Economic Prosperity Experts

Jeanne Milliken Bonds

Professor of the Practice, Impact Investment and Sustainable Finance, UNC Kenan-Flagler Business School

    Anusha Chari

    Professor of Economics, UNC-Chapel Hill, and Professor of Finance, UNC Kenan-Flagler Business School

      Maryann P. Feldman

      S.K. Heninger Distinguished Professor of Public Policy and Professor of FinanceFaculty Director of CREATE

      Andra Ghent

      Associate Professor of Finance, UNC Kenan-Flagler Business School

      Olga Hawn

      Assistant Professor of Strategy and Entrepreneurship, Sustainability Distinguished Fellow and Faculty Director of the Center for Sustainable Enterprise

      Jim Johnson

      William R. Kenan Jr. Distinguished Professor of Strategy and Entrepreneurship, Director of the Urban Investment Strategies Center 

      Mark Little

      Executive Director, CREATE

      Jeff Mittelstadt

      Executive Director, Center for Sustainable Enterprise
      Professor of the Practice, Strategy and Entrepreneurship

      Paige Ouimet

      Professor of Finance, UNC Kenan-Flagler Business School